The Unemployable Life
We know all too well the drama of toxic work environments (been there, endured that), and we're on a mission to turn that around. Armed with savvy advice, nifty tools, and resources that cover every workplace plot twist, we're all about empowering the underdog.
Think of us as your workplace fairy godmother, sprinkling a little self-care magic and bold confidence into your daily grind. Ready to shake up the workplace dynamics? We thought so.
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The Unemployable Life
Inflation Unpacked: What It Means for You in 2024
Inflation has a great impact in our daily lives, from the never ending price increase on everyday goods to the challenges and struggles faced by businesses and consumers like us. But the question is, what EXACTLY is inflation and why does it exist?
In this episode, we break down what inflation is all about, its different types and what causes it. We ran across expert insights like McKinsey & Company and Investopedia.
By doing that we learn about the 2024 inflation which hit at 3.2%, and the factors that contribute to wage/cost-push inflation, monetary devaluation, and demand-pull inflation.
We also considered how inflation affects important sectors such as the housing market which is directly related to supply and demand. So, whether you are a consumer or a business owner, knowing and understanding inflation is crucial when battling the non-stop changes in the economic environment.
What can you learn from this episode?
- What is inflation? McKinsey defines it as "the gradual loss of purchasing power."
- The impact of inflation on wages, minimum wage, and its buying power.
- How inflation affects different groups, from retirees to people with debt.
- The role of human nature in inflation and its inevitability.
- Inflation-resistant investments and how to prepare for future economic shifts.
- What would a world without inflation look like, and who would benefit or lose?
- The causes of inflation, from surging consumer demand to rising production costs.
- How inflation impacts wages, especially minimum wage workers, retirees, and those on fixed incomes.
- The role of human nature in perpetuating inflation—are we fueling it by expecting it?
- Inflation-resistant strategies to safeguard your wealth, including key investments like real estate, stocks, and gold.
- The pros and cons of price caps and whether inflation is a moral necessity in business.
Understanding inflation is just the first step toward staying ahead of the economic changes that affect us all. So whether you want to increase your savings, make better financial choices, or simply be informed, there is always more room to learn.
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